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TORONTO - DeFi Technologies Inc. (NASDAQ:DEFT) (CBOE CA:DEFI) (GR:R9B), a company specializing in bridging traditional capital markets with decentralized finance, announced today that its common shares have started trading on the Nasdaq Capital Market under the ticker symbol "DEFT". The company’s stock, currently trading at $116.5, has shown remarkable momentum with a 67.5% return over the past year, according to InvestingPro data.
With this move, DeFi Technologies’ common shares will no longer be quoted on the OTC Markets, though they will continue to be listed on the CBOE Canada and the Börse Frankfurt exchanges. The transition to Nasdaq did not involve raising new capital, as the company reported a robust financial position with C$61.9 million (US$44.7 million) in cash, USDT, and other digital asset treasury holdings as of April 30, 2025. With a current market capitalization of $17.47 million, InvestingPro subscribers can access detailed financial analysis and 7 additional key insights about the company’s valuation and performance metrics.
Olivier Roussy Newton, CEO of DeFi Technologies, expressed that the Nasdaq listing signifies a historic moment for the company and the digital asset industry at large. He highlighted the company’s role in providing equity investors with direct access to decentralized finance, institutional-grade trading infrastructure, and a selection of innovative digital assets.
Additionally, DeFi Technologies has scheduled a shareholder call for Tuesday to discuss its financial results for the first quarter of 2025. The call will provide insights into the company’s performance up to March 31, 2025. Notably, InvestingPro data shows the company maintains a "GREAT" financial health score of 3.08, suggesting strong operational fundamentals.
DeFi Technologies operates through various subsidiaries, including Valour Inc., which offers exchange traded products (ETPs) for digital assets; Stillman Digital, a liquidity provider for digital assets; Neuronomics AG, focusing on AI-powered quantitative trading strategies; and DeFi Alpha, the company’s internal arbitrage and trading division.
The company’s press release includes forward-looking statements regarding the trading of its common shares on Nasdaq and the upcoming shareholder call. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.
This article is based on a press release statement from DeFi Technologies Inc.
In other recent news, DeFi Technologies Inc. announced its upcoming debut on the Nasdaq Capital Market, scheduled for May 12, 2025. This strategic move will transition the company’s shares from the OTC Markets while maintaining its listings on the CBOE Canada and Börse Frankfurt exchanges. The company has reported a robust financial position, with C$61.9 million (US$44.7 million) in cash, USDT, and other digital asset holdings as of April 30, 2025, eliminating the need for capital raising in conjunction with this listing. DeFi Technologies has also met regulatory requirements, with its Form 40-F Registration Statement approved by the United States Securities and Exchange Commission. Ahead of its Annual and Special Meeting of Shareholders on June 30, 2025, the company plans to reconstitute its board committees to comply with Nasdaq’s standards. The company’s CEO, Olivier Roussy Newton, stated that the Nasdaq listing is a significant milestone in their mission to integrate traditional finance with decentralized technologies. DeFi Technologies’ asset management business line, Valour, provides exchange-traded products that facilitate investment in digital assets through traditional banking channels.
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